Fidelity National Info (FIS) has released an update to notify the public and investors about its asset transaction finalization.
On January 31, 2024, the Company finalized the sale of a 55% stake in its Merchant Solutions business, Worldpay, to GTCR for a deal with an enterprise value of $18.5 billion, with a portion of the consideration contingent on GTCR’s performance. The Company received over $12 billion net cash after closing adjustments and various expenses. The sale also included agreements on board appointments, governance, and future IPO or sale provisions, alongside commercial, transition, employee leasing, and data sharing agreements to ensure continuity post-transaction.
For further insights into FIS financials, check out TipRanks’ Financials page.
For a comprehensive understanding of the announcement, you can read the full document here.
